$6,531 Closing Credit*
$550,000
3,606 SqFt
5 Beds
•3 Full Baths, 1 Partial
Raquel Bell, Listing Office: Keller Williams Signature
Is Lakes of Bella Terra, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lakes of Bella Terra was a Seller's Market.
Key Takeaway
Lakes of Bella Terra is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakes of Bella Terra, TX
How much do homes in Lakes of Bella Terra, TX cost?
Median Sold Price
$445,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.7%)
Key Takeaway
Homes in Lakes of Bella Terra have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Lakes of Bella Terra was $445,000 in October 2024, up 1.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $340K | $375K | +10.3% |
| 4 Bedrooms | $467.5K | $457.5K | -2.1% |
| 5+ Bedrooms | $677.5K | $750K | +10.7% |
Summary: Lakes of Bella Terra housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakes of Bella Terra | $437.5K | $445K | +1.7% |
| Cinco Ranch Southwest | $600K | $600K | 0.0% |
| Cinco Ranch | $544.7K | $528K | -3.1% |
Housing Supply in Lakes of Bella Terra, TX
How many homes are available in Lakes of Bella Terra, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The Lakes of Bella Terra real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Lakes of Bella Terra housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakes of Bella Terra, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lakes of Bella Terra in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lakes of Bella Terra, TX
How long does it take to sell a home in Lakes of Bella Terra, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 54 Days | +429.3% |
Summary: Homes in Lakes of Bella Terra had an average of 54 days on market in Oct 2024, up by 429.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakes of Bella Terra has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lakes of Bella Terra; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.